Approved Code No. 237 Registry No. 1201-1-02 

NATIONAL RECOVERY ADMINISTRATION 

CODE OF FAIR COMPETITION 

FOR THE 

ALLOY CASTING INDUSTRY 

AS APPROVED ON JANUARY 30, 1934 

WE DO OUR PART 

UNITED STATES 

GOVERNMENT PRINTING OFFICE 

WASHINGTON: 1934 

For sale by the Superintendent of Documents, Washington, D.C. - - - - - - - - Price 5 cents 
• 

This publication is for sale by the Superintendent of Documents, Government 

Printing Office, Washington, D.C., and by district offices of the Bureau of 

Foreign and Domestic Commerce. 

DISTRICT OFFICES OF THE DEPARTMENT OF COMMERCE 

Atlanta, Ga. : 504 Post Office Building. 

Birmingham, Al a. : 257 Federal Building. 

Boston, Mass. : 1801 Customhouse. Buffalo, N.Y.: Chamber of Commerce Building. 

Charleston, S.C.: Chamber of Commerce Building. 

Chicago, Ill.: Suite 1706, 201 North Wells Street. 

Cleveland, Ohio: Chamber of C mmerce. 

Dallas, Tex. : Chamber of Commerce Building. 

Detroit·, l\Iich.: 801 First National Bank Building. 

Houston, Tex. : Chamber of Commerce Building . Indi::mapolis, Ind.: Chamber of Commerce Building. 

JacksonYillc, Fla.: Chamber of Commerce Building. 

Kansas City, l\Io.: 1028 Brrltimor e AYenue. 

Lo Ano-eles, 'alif.: 1163 South Broadway. 

Louisville, Ky. : 408 Federal Buildlng. 

l\Iemphis, Tenn.: 220 Federai BuHding. l\Iinneapolis, Minn. : 213 Federal Building. 

New Orleans, La.: Room 225-A, Customhouse. 

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Pittsburgh, Pa.: Chamber of Commerce Building. 

Portland, Oreg. : 215 New Post Office Building. 

St. Louis, l\fo.: 506 Olive Street. 

San Francisco, Calif.: 310 Customhouse. 

Seattie, Wash.: 809 Federal Office Building. 
Approved Code No. 237 

COD OF FAIR COMPETITION 

FOR THE 

ALLOY CASTING INDUSTRY 

As App1·oved on January 30, 1934 

ORDER 

APPROVING CODE OF FAIR COMPETITION 

FOR THE 

ALLOY CASTING INDUSTRY 

An application having been duly made pur nant to and in full 

compliance with the provisions of Title I of the National Industrial 

Recovery Act, approved June 16, 1933, for approval of a Code of 

Fair Competition for the Alloy Casting Industry, and hearing having been duly held thereon and the annexed r eport on said Code, 

containing findings with respect thereto, having been ma.de and directed to the President: 

NO,v THEREFORE, on behalf of the Pre ·ident of the United 

States, I, Hugh S. Johnson, Administrator for Industrial Recovery, pursuant to authority vested in me by E;x:ecutiYe Orders of the Pre ident, including Executive Or ler No. 6543-A, date l December 30, 

1933, and otherwise; do hereby incorporate by reference aid annexed 

report and do find that said Code complies in all respects with the 

pertinent provisions and will promote the policy and purpo es of said · Title of said Act; and do hereby order that said Code of Fair Coinpetition be and it is hereby approved; provided that the continued 

participation of the Alloy Ca ting Association in the Code Authority 

after thirty days :from the effective date of this Code hall be contin- gent upon its amending it· constitution and by-law to the sati faction of the A 1ministrator; an 1 further provided that the provi ·ions 

of Article VII, (Section 1), inc;ofar as they prescribe a waiting period between the filing with the Code Authority and the effective 

date of revi ed price list or revi ·ed terms and conditions of sale be 

36707°-313- 155-34 (563) 
564 

and th are hereb stayed pending my f urther Order either within a 

period of sixty days from the effective date of this Code or after the 

completjn:n of a study of open price associations now being conducted by the National Recovery Administration. 

HUGH s. JOHNSON, 

Adm:'inistrator for I nd1Mt1ial Recovery. 

Approval recommended. 

w. A. I-IARRE\I AN • 

Di'vision Ad11iinistrator. 

,v A-3HINGTON, D.C., J anuary 30, 193 4. 
The PRE IDENT, 

The White House. 

Sm: Thi is a report on the Code of Fair Competition for the 

Alloy Casting Industry as revised after the hearing conducted 

thereon in \Vashington, D. ., on ovember 2, 1933, in accordance 

with the provisions of the ational Inclu trial Recoyery Act. 

PROVISIONS REGARDING HOUR AND WAGE 

This Code provides for a maximum work week of forty ( 40) 

hours, with permission for forty-eight ( 48) hours per week during 

peak periods, not to exceed twelve (12) weeks in any year. A 

tolerance of ten (10) percent longer hours is provided for repair 

work employees during emergencies. 

Those who are exempted from the provision for maximum hours 

are managers, executive , and research technician~, receiving more 

than thirty-five dollars ($35.00) per week, outside alesmen and 

service men and watchmen. The watchmen are limited to fifty-~ix 

( 56) hours per week. 

The minimum wage rate pro, ided is forty ( 40) cents per hour, 

regardle s of the basis upon which '1orker are compen atecl. Exceptions are made for partially incapacitated workers. Office workers are to be paid not le s than fifteen dollar ( 15.00) per week, 

and office boys and girls are to be paid at not less than eighty (80) 

percent of the minimum weekly wage. Equitable adju tments of '1age above the minimum are proYided 

,, for and employers are prohibited from recla if} ing emplovees so 

as to defeat the purpo e of the Act. 

ECO~Ol\IIC AND STATISTI AL MATERIAL 

The indu try is small and comparative! new. The inYested capital amounts to $4 000,000 and the annual sales volume, calculated 

on the rate of operations during o, ember, was $1,700,000 although 

the annual capacity of the indu try, expressed in dollar volume, is 

$16 000,000. 

The number of mployees in 1929 was 900, in 1932 it was 500, in 

October 1933, 600, and under the Code it i estimated that 650 per- son will be employed, an increa e of about nine (9) percent. It is 

e timated that the pay roll of the indu try will be increa eel about 

$1,000 per week. 

FINDINGS 

The Deputy Admini trator in his final report to me on aid Code 

having found as herein set forth and on the basis of all the proceeding in this matter: 

(565) 
566 

I find that-

(a) Said o le i well designed to promote the policies and purpo ·es f Title I of the National Industrial Reco ' ry ct, inclu ling 

remoY, 1 of ob truction to the free flow of inter tate and :foreign 

commerce which tend to diminish the amount thereof an l will provide for the general welfare by promoting the organization of industry for the purpose of cooperatiYe action among the trade groups, by 

inducing and maintaining united action of labor and management 

under a lequat go-, ernmental sanctions and upervi ion, by eliminating unfair competitiv pra tices, by pronof ng the fullest pos ible 

utilization of the pre ent productive capacity of indu tries, by avoid- ing nnclu~ re triction of production ( except as may be temporarily 

required) by increa ·ing the consumption of industrial and agricultural products throtwh in"rea ina purchasina po" r, by reducing 

and r lieving 1 1nemployment, by improving standards of labor, and 

by oth"rwi e rehabilitating industry. (b) Said Industry normally emplo3 s not more than 50,000 ern.-

ploye ; and is not cla i:fied by me as a major industry. . ( c) The Co le as approved complies in all respects with the per- tin nt proYi ion of , aid Title of said Act, including without limitation Sub ection (a) of Section 3, Subsection (a) of Section 7, :lnd 

Sub ection (b) of S ction 10 thereof; and that the applicant group 

is an industrial group truly representative of the aforesaid Industry; and that said group imposes no inequitable re trictions on 

admis ion to membership therein. 

( d) The Code is not designed to and will not permit monopolies 

or monopolistic practices. 

( e) The Code is not designed to and will not eli1ninate or oppress 

s1nall enterprises and will not operate to discriminate again t them. (f) Tho e engaged in other t p of the economic process have 

not been depriv d of the right to be heard prior to appro-n1l of said 

Code. 

For the. e rea ons, ther fore, I haYe approved this Code subject to 

the following condition: that the continued participation of the 

Alloy Casting A ociation in the Code Authority after thirty days 

from the effective date of this Code hall be· contingent upon its 

amending its con titution an l bylaw to the sati faction of the 

Admini trator. 

Re pectfully, 

JANUARY 30, 1934. 

Huon . JoHx ·oN, 

Administr'ator. 
CODE OF FAIR COMPETITION 

FOR THE 

ALLOY CASTING INDUSTRY 

To effectuate the policies of Title I o:f the National Indu trial 

Recovery Act the following provisions are e tablishe 1 a u, ode of 

Fair Competition for the Alloy Casting Industry, which shall be the 

standard of fair competition for the industry, and shall be binding 

upon every member thereof. 

ARTICLE I-DEFINITIO~S 

The term "alloy castings as u ·eel herein inclu le only ca tings 

containing nickel and/ or chromium in excess of 1G% and ub tantially free from copper, zinc, lead, or tin, except that this Code shall 

not apply to alloy casting produced and/ or sold as a part of the 

products, including finished and semifinished parts thereof, of an 

owning or affiliated company but not sold in the open market as 

rough alloy castings (as listingui heel from fini he l and/ or semifinished parts) in competition with similar rough castings produced 

by other manufacturers. 

The term "affiliated company means a company whose relations 

to another company are such that either one has directly or indirectly more than 50% stock intere t in the other, or that a third 

company has directly or indirectly more than 50 ~ stock interest 

in both. 

The term "member of the indu try" as used herein means and 

includes any manufacturer of products subject to this code. 

The term "a sociation ' as used herein m.eans the Alloy Casting 

Association, Inc., a nonprofit corporation devoted to the betterment 

of the industry and the effectuation of the National Indu trial 

Recovery Act. 

The term "employee ' as used herein includes anyone engaged 

in the industry in any capacity receiving compensation for his 

services irrespective of the nature or method of payment o:f such 

compensation. 

The term "employer ' as u eel herein includes anyone by whom 

any such employee is compensate l or employed. 

ARTICLE II-HouRs 

SECTION 1. Except as hereinafter stated no employer hall employ 

any employee for more than forty (40) hours in any week, provided, however, that in order to meet increa eel demands o-,er which 

the employers have no control. the . aid hour of employment may 

(567) 
568 

be incr u ed to meet nch contingencies, but in no eYent shall such 

employees work more than a total of forty-eight ( 4 ) h urs per 

"\Yeek for not to exceed h,elYe (12) weeks in any year. Repair-work 

employee I to the e_-tcnt required by emergencies may b 0 employed up 

to 10 ;a longer hours than other factory employees. 

SEC. 2. All employees of eYery kind and character of every employer are included in thi Article II, except executiYes, t hose employed in a 1nanagerial or xecutive or supervisory capacity, or as 

re earch technician who receive more than $35 per week, traveling 

and outside sale men, and out ide service men, when expenses are 

pail by the company; and watclunen provided that such watchmen 

are not employed in excess of 56 hours per week, or six days out of 

even. 

EC. 3. No employer shall knowingly permit any employee t o 

"TT'Ork for any time hich, when totaled with that already performed 

"TT'ith another employer or employers. exceed the maximum permitted 

herein. 

SEc. 4. The industr - r 0 cognizes the d sirability and a cepts the 

principle of the eight hour ,Yorking day for labor and, insofar as 

it reasonably can, the indu try will endeavor to employ it labor on 

that basis. 

ARTICLE III-"\Y GES 

ECTION 1. l' o employee of an employer . hall be paid 1 . s than 

forty (40) cents per hour, except as hereinafter prov-ided. 

-

1

Ec. 2. This article e tabli hes a minimum rate o:f pay which shall 

npply irre pectiYe of whether an employee i · actuall compen ated 

on a time rate, piecework, or other basis. 

SEc. 3. No employee en o·aged in offic 0 or clerical ork and no 

salari cl emplo3 ees . hall be paid les than at the rate of $15.00 per 

week excepting office or me · enger boys or girls who shall be paid at 

the rate of not le s than 80 a of the above minimum salarv. One 

such mes cmger or office boy or girl may be employed in a1;y office 

reo-arclle .. ,s of the ntm1b 0 r of employee and additional such messeng r 

or office bo-,s or girl may be employed not t ex eccl one to each 

twenty other offic employe s. 

EC. 4 . ... ~ ot later than ninet ( 90) days after t h effecti · date of 

thi Cocl0 each employe · in th in lu try ·hall r eport to the Admini trator, throu 0 h the ode uthority her inafter prm-i led for, the 

ction taken by uch cmplo 'er in a ljn ting th hourly wao·e rate· for 

~Jl em1 loy cs 1· eiving n ore than th minimum rates 1 roYidcd in 

, ction. · 1 ancl 3 :f thi rticle III. uch a lj u tment ._ hall not 

reduce th hourly wu · rat of any such employee . 

'E ·. f. J pe · n who. c urning apacit is limit l becau . .::.e of ao· 

or phy. ical or m ntal han li a1 may be em1 loyc 1 o:n light "\York a t 

a , ·ao- el w th minimnm establi heel b thi Code if th 1111 loy r 

ol tain. · from th tat uthority de ignaLed by the nite 1 'tat 

D partm n f Labor a c rtificat au horizing hi. empl ym nt at 

sn h wao- . · arnl for .-uch h nr. · a. :hall be stat l in tl , rtifi t . Each mploy r sha l fil with th Code uthorit a li t f all ·uch 

p 1 011. · n1plo_p,cl by him. 
569 

ARTI LE Iv _nENERAL L.\B R PnoYI 'IO:NS 

SE TIO:N 1. No per~on un ler ixteen (16) ye~rn of ag . hall be 

e111ploycd in the Industry. o per~on under 1ght?en (1 ) year 

o:f aae hall be employed at operations or occu )ull n wluch ~re 

hazardous in natur or d::mgerou t health. The ode Authonty 

shall submit to the Admini trator within ninety (DO) day· a list of 

such operations or occupation.-. 

SEC. 2. In compliance ·with Section 7 (a) of the ct, i i · pr Yill d 

that: 

(a) Employees shall have the right to organize and bargain collectiYely, through representatives o:f their own choosing, ancl hall 

be :free :from the interference, re traint, or coer ion o:f employer o:f 

labor, or their agents, in the designation of such repres ntative or 

in self-organization or in other concerted activities for tlw purpo e 

o:f collective bargaining or other mutual aid or protection. 

(b) No employee and no one seeking employment shall be required 

as a "ondition of employn1 nt to join any company union or to refrain from joining, organizino·, or- a · isting a labor organization o'f 

his O"TI'.n choo ing, and 

(c) Employers shall comply with the maximum hours of labor, 

minimum rates of pay, and other conditions of employrnent approved 

or p e cribed by the Pre ident. 

EC. 3. No employer shall recla ·sify employee or duti or occupations for the pnrpo e of defeating the purposes or provisions of the 

Act or of this Code or engage in any subterfuge for such purpo e. 

SEc. 4. No employer or employee shall contract his "\\'"Ork to any 

person except when such person is subject to the provLions of this 

Code. 

SEc. 5. Every employer hall make reasonable provision to the 

extent required by existing law for the safety ::m.d health of his em- ployees at the place and during the hours of their employment. 

SEc. 6. Within each State this Code shall not supersede any laws of 

such State imposing more stringent requirements on an mployer 

regulating age of employees, wage , hours of work, or h alth, fire, or 

general working condition than under this Code. 

SEc. 7. Each employer hall post in con picuous places Articles 

II III. and IV, the Labor Provisions of this Code. 

ARTICLE V-ADl\'II~"'T TRATION 

SECTIO - 1. To fu ·ther effectuate the policie of the National Industrial Recovery Act, the 7 members o:f the Executive Con1mittee of the 

Association then in office are set up to cooperate with the Administrator of the National Indu trial Recovery Act as the "Code Authority" to admini ter the provisions o:f this Code. If the Aclministrntor hereafter shall find that the Code Authority is not truly 

.repre entativ of the industry or does not in other respects comply 

with the provi ion of th Act, he may require an appropritate modification in the method of selecting the Code Authority. The Administrator may appoint from one to three representatives without vote 

to erve on the ode Authority whose term of office ~hall bv so arranged that the services of not more than one expire · in any one year. 
570 

These appointees shall be persons not having or representing intere ts selfish or antagonistic to the interest of members of the Alloy 

Casting Industry. Absence of such representatives from any meeting of this Committee shall not prevent its complete functioning.

1 

SEc. 2. Members of the industry shall be entitled to share the 

benefits of the activities of the Code Authority by assenting to and 

complying with the requirements of this Code and su taining their 

rea onable share of the expenses of its ad1ninistration. Such reasonable share of the expenses of administration shall be determined 

by the Code Authority, ·ubject to review by the Administrator, on 

the basis of volume of busine s and/or such other factors as may 

be deemed equitable. 

SEc. 3 . . The manufacturers engaged in the industry will furnish 

such information and make such reports to the Code Authority as 

may be necessary in order to enable the Code Authority to collect 

and furnish to the Governnient the information required under the 

terms of the National Industrial Recovery Act. In addition to information required to be submitted to the Code Authority, there 

shall be furnished to Government agencies such statistical information as the Administrator may deem neces>.;ary for the purpose recited in Section 3 (a) of the National Industrial Recovery Act. The 

manufacturers shall keep their accounts in such form as may be 

nece sary to enable them to furnish information desired by the 

Government. 

SEc. 4. Member of the Industry having a com1non interest and 

common problems n1ay group them elves for administrative purpo es in various subdivisions or product classifications, subject to 

the approval of the Code Authority. The majority of members in 

each subdivision or product classification may appoint its agency, 

with supervisory and/or administrative power , ubje t to the Code 

Authority. In the event that no such agency is so appointed, then 

the Code Authority may appoint uch agency. If formal complaint 

is made to the Code Authority that the provisions of this ode have 

been violated by any member or men1ber of the Indu trv, the agency 

for the subdivision or product classification to which the complaint 

refers, shall institute such inquiry as may be necessary to develop 

the fa ts and . hall report the results of such inquiry to the Code 

Authority. 

SEc. 5. The Code Authority may act by or through nny committee 

or repr entative or representative to whi h or to whom it may from 

time to timed legate authority. Except a oth rwise I rovided in the 

National Indu trial RecoYery Act, all . tati tic , data, an l information filed r obtained in a ordan e with any of the provi ions of 

this Code hall be confidential. Th ._tati ti , data, and information 

of one manufacturer enga 0 ·ed in the Indu try hall not b re aled 

to any other manufa turer no·ag d in the Indu. t ·y e~ ' pt that for 

the purpo f nf rcing or a lrnini tering the provi ion f this 

Code, the o 1 uthority b it uly authorized rcpr ntative 

(who hall not be ·onn ct d , ith r in the empl y of any rnanufactur r ngao- 1 in th Inclustr aff - cl by thi C u ) hall have 

to any an l all . tab.t i f--, data an l information that may be 

1 , CC' pa r. 2 of ord r op r ving lhi. de. 
571 

:furnished or obtained in a· orclancc "'ith anv of the nroYi ions of . ,.. 

thi. ode. 

SE . G. The J uri~ 1iction of thi C de an l of the ocle Authority 

OY r an ' mantLacturer no-ao·ecl in the Indu try i exr r ly limited 

to that p rtion of the bn in s and employn1ent of , u h manufacturer 

which i within the Industry. 

SEC. 7. Any alleged violation of the proYi ion of this Code ·hall 

be inY_estigatecl by an unbia ~ l authori~ed repr_e nta~i-ve ornrep_re- entatIYe. of the Cod Authority as provided for 1n Article V ~ection 

5, and member of the Industry shall f acilitate uch inve~tigations 

by opening their pertinent corre pondence, books and ac ount for 

examination and by furnishing releYant infonnation. Upon the 

di clo ure of any -v-iolation of any provision of thi Code the Code 

Authority hall pre ent evidence thereof to the Admini trator. 

SEc. 8. Recognizing that violation of any provision of this Code 

will disrupt the normal course of fair competition in the Indu try 

and cause erious damage and +hat it will be impossible fairl. to 

as ·ess the amount of such damage, each member of the a _ociation 

who shall violate any such proYision shall pay to the association, in 

tru t as and for liquidated damages, a sum equal to 25o/c of the 

invoice value of any alloy casting sold in violation of any uch proYision, such funds to be applied to the administration of thi Code. 

The Code Authority by the affirmatiYe vote of two-thirds ma:- waive 

any liability for such liquidated damages as ma. be imposed b or 

pursuant to thi proi.-ision of th.is Code, if in it discretion it o 

decide that such Yiolation wa innocently n1ade and that the collection of such damage is not neces ary in order to effectuate th policy 

o:f Title I of the :ration 1 Industrial Recovery Act. 

SEc. 9. The Code Authority hall make a careful study of the 

que tion of limitation of alloy melting capa ity and shall submit 

to the Administn1tor for his approY~l u h plan or plan as are 

deemed nece snry and which will further effectuate the policie of the 

National Ind u trial Recovery Act. 

SEc. 10. If the Administrator sha ll determine that any action of a 

Code Authority or any agency thereof i unfair or unjust or contr ary 

to the public interest, the Admini. trator may require that such action 

be uspended for a period of not to exceed thirty da1 s to afford an 

opportunity for inve tigation of the 1nerit of such action and furth 0 r 

consideration by uch Code Authority or agen"y pending fin al action, 

which shall be taken only upon appro-, al by the Admini trator. 

L RTICLE YI-TnADE PRACTICE R"GLES 

1. For all pnrpo es of the Co le th ac . described in thi article 

shall con titute unfafr practice . ~ n , member of the indu try who 

shall directly, or indirectly through an~- officer employee, agent or 

repre entative use, empl y or permit to be employed any of such 

unfair practices hall b guilty of a Yiolation of the Code. 

(a) The use of other than actual hi1 pino· weight us a ba is for 

billing except for ma hined pr dnct . pecifi ally clas ified by the 

Cod 0 .Authority. 

(b) A ·urning tran:portation expen eon pattern equipment either 

to or from manufacturer's plant. 
572 

( c) A umption of re pon ibility for machine work labor charges, 

or other expen e incurred by the cu torn er on ca tings which are 

rejected a ... defec ive. ( d) A ~umption of any co t for in pection of ca tings by outside 

individual or agents when done at the request of the purcha er. 

( e) The selling or advertising for sale and/ or marking of product with he intent to mi lead or deceive a purchaser or prospective 

purcha er regarding their quality ub. tance, or er ice feature . 

( f Th fictitiou inYoicing of product . (g) Permitting a cu tomer to make any deduction from the 

inYoice not covered b" the terms of sale. 

(h) The hipping or other delivering of free good of any kind 

to anv customer for re ale or consumer commercial use. 

(if Gi,e, pern1it to be given or directly offer to gfre, anything of 

Yalue for the purpose of influencing or rewarding the action of any 

employee. agent, or repre entative of another in relation to the bu i·-

ne of the emplo. er of such employee, the principal of such agent 

or the repre ~ented party without the knowledge of such employer, 

principal or party. ommercial bribery pro,i ions shall not be 

con~trued to prohibit free and general di tribution of articles commonl} u ed f or aclverti~ing except o far a uch article are actually 

u eel for commercial briber a hereinabove defined. 

(j) To purcha e from customer any commodit at a price in 

cxce of the publi h d prevailing opBn-market price for the commodity in iue tion · to purcha e crap materials of another manufa turer from cu tomer at a pri e in exce of the published 

prevailincr market pric for uch material · to pa, more for hi own 

crap than 2 per pound premium o er pre,ailing market prices. 

Thi provi ion shall not be con trued a abrogating an existing 

contra ct whereb. a manufacturer is oblio-ated to take back crap from 

ca. tino- of his own manufacture at a fixed price. 

(k) 1he giving oft rm more favorabl 0 than net thirt da from 

date of hipment. A discount of 1⁄2 of 1 o/c may be allowed provid- ino- payment i made within ten day from date of hip1nent. 

(1) b orb all or an part of the ma chining co t of ca ting~ 

"old a machined ca ting . 

(rn The ellino· of pro lnct other than alloy ca tin<r at prices 

bel w the pr Yailing market to influenc a sale of alloy a ting . 

ARTICLE \ II-OPEN PRICE PROYI TOK 
573 

(8) nor mor than ten (10) da ·s in ad,ance -( the eff cti,e date. 

Copie of uch reYi cl price li ts with 1 .. oticc of th ffe tiYe late 

pecifi d hall b immediately ent to all m mber. of the In lu try 

manufacturing uch product who thereur on may file if the., so de- ire, reYi ion of their price lisL sp cif ring he e:ff ctivr lat which 

ma. be on or after the <lat ,vhen the reYi eel price list first filed 

shall go into effect. Jo member of the Indu ·try shall ell directly 

or indirectly b any mean what oeYer an3 prodn ·t of the Indn~try 

at a price le than the price shown for such pro luct in the li t 

filed by such member. 2 

ARTICLE YIII-Al\rn:N DJUEXTS AND Su PLE:.\IE. TTS 

SECTION 1. This Code, except as to provisions required by the Act, 

may be modified and supplemented on the ba ·i of experience or 

changes in circumstances, such modification and supplements to be 

based upon application to the Administrator and uch notice and 

hearing as he shall specify, in compliance with Section 3 (a) of the 

Act and to become effe,-,frve on approval of the Administrator. 

SEc. 2. The Pre ident of the United States may from time to time 

cancel or modify any order, approval, licen e, rule, or regulation 

is ued under Title I of the National Indu trial Recoverv Act. 

ARTICLE IX 

No provision of this Code hall be so applied as to permit monopolies or monopoli tic practices or to eliminate, oppre s, or discriminate against small enterpri es. 

ARTICLE X 

This Code shall be effectiYe at 12: 01 A.ii. on the fifth calendar clay 

after its apprm al by the Pre ident of the United State , and shall 

~ontinue in effect until June 16, 1935, or the earliest date prior 

thereto on which the President shall, by proclamation, or the Congress shall by Joint Re olution, declare that the emergenc3 recognized by Section 1 of the ational Industrial Reco, ery Act has 

ended. 

AI proved Code Ko. -37. 

Registry No. 1201-1-02. 

2 See par. 2 of order appro,ing this C de. 

0 


UNIVERSITY OF FLORIDA 

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